Episode
Sierra Madre Gold and Silver – Full-Year 2025 Operations and Financial Update At La Guitarra Mining Complex, 80,000 Meters Of Drilling On Tap Between La Guitarra and Del Toro Properties
- Podcast
- The KE Report
- Published
- May 5, 2026
- Duration seconds
- 1218
- Processing state
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Summary
Alex Langer, President and CEO of Sierra Madre Gold And Silver (TSXV: SM) (OTCQX: SMDRF), joins me to provide an operations and financial update La Guitarra silver-gold mine complex in Mexico, which includes 3 producing mines: La Guitarra, Coloso, and Nazareno. We also discuss the increase to 30,000 meters of drilling across the La Guitarra property, and an increase to 50,000 meters of drilling at the Del Toro property starting once the transaction closes in the near future; for a total of 80,000 meters of drilling on tap across all properties. Full Year 2025 Highlights Revenues: Gross silver revenues for 2025 totaled $10.68 million ($39.37 per ounce) and gross gold revenues totaled $13.77 million ($3,407 per ounce). Sales: During 2025, the Company sold 271,204 ounces of silver ("Ag") and 4,041 ounces of gold ("Au") or 628,196 silver equivalent ("AgEq") ounces, based on the ratio of Au and Ag prices realized for each shipment in the year. Cash Costs: For 2025, cash costs were $27.90 per AgEq ounce sold Net Income: Net income was $8.13 million or $0.05 per share for 2025. Included in net income for 2025 is a $6.1 million income tax recovery. Cash from Operations: The Company generated $4.09 million of cash from operating activities in 2025. Adjusted EBITDA increased to $6.03 million for 2025 Cash and cash equivalents and short-term investments at December 31, 2025 totalled $17.3 million. Del Toro Acquisition and Financing: In December 2025, the Company announced its intention to acquire the Del Toro silver mine from First Majestic Silver Corp. and complete a concurrent financing, which subsequently closed in escrow for gross proceeds of CAD$57.5 million. La Guitarra Expansion: As announced on September 8, 2025, the Company has initiated a plan to expand production capac…